Contractual Savings Capital Markets and Firms Financing Choices is popular PDF and ePub book, written by Gregorio Impavido in 2001, it is a fantastic choice for those who relish reading online the Ahorro contractual genre. Let's immerse ourselves in this engaging Ahorro contractual book by exploring the summary and details provided below. Remember, Contractual Savings Capital Markets and Firms Financing Choices can be Read Online from any device for your convenience.
Contractual Savings Capital Markets and Firms Financing Choices Book PDF Summary
The authors analyze the relationship between the development and asset allocation of contractual savings and firms' capital structures. The authors develop a simple model of firms' leverage and debt maturity decisions. They illustrate the mechanisms through which contractual savings development may affect corporate financing patterns. In the empirical section, the authors show that the development and asset allocation of contractual savings have an independent impact on firms' financing choices. Different channels are identified. In market-based economies, an increase in the proportion of shares in the portfolio of contractual savings leads to a decline in firms' leverage. In bank-based economies, instead, an increase in the size of contractual savings is associated with an increase in leverage and debt maturity in the corporate sector.
Detail Book of Contractual Savings Capital Markets and Firms Financing Choices PDF
- Author : Gregorio Impavido
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Ahorro contractual
- Total Page : 65 pages
- Language : English
- PDF File Size : 12,6 Mb
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